MLS Group Acquires Multifamily In Union City, NJ For $2M

The Jonathan Zamora Team at Marcus & Millichap is pleased to announce the closing of a fractured condo bulk sale in Union City, NJ. The property, located at 721-723 6th Street, is a multifamily asset with a total square footage of 11,300. The sale price for the property was $2,000,000, resulting in a price per square foot of $177. The transaction took place on 02/02/2024.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Buyer: MLS Group
• Seller: Mona Khan
• Broker: Jonathan Zamora - Marcus & Millichap
• Market: Union City, NJ

The Zamora Team successfully marketed the property, going into contract with no contingencies and closing quickly. This achievement met the seller's goals, which previous local brokerages had been unable to accomplish. The Zamora Team provides a wide-reaching marketing process, ensuring successful transactions for their clients. For those interested in their current inventory or considering a sale, they offer a free opinion of value on assets.